How long payers (insurance) take to pay you after a claim
(Sum of Days from Submission to Payment / Number of Claims)
Slow payment hurts cash flow. Fast payment helps you grow.
Pick payers that pay fast. Send clean claims right away. Follow up on slow payers.
Under 30 days is great.
While we don't track this specific metric yet, Caretrics monitors dozens of related KPIs automatically—no spreadsheets required.